Technical analysis: EUR/USD; GBP/USD; USD/JPY

EUR/USD tries to recover and currently holds at $1.3715. Initial resistance remains at $1.3770/80.

Support comes at recent lows on $1.3640 (also Feb 24 lows). Break lower will open the way down to $1.3560 (Feb 12 lows).

GBP/USD holds near $1.6850. Initial resistance comes at $1.6870 (May 14 high), above - at $1.6900 (May 12 high). Strong support is near $1.6750 (trend line from Nov 11’2013). Below support comes at $1.6660 (Apr 15 lows).

USD/JPY challenged Y100.80/70 (Feb 7 lows) and remains under pressure. Below losses may widen to Y99.50 (Nov 19’2013 lows). Resisatance is around Y102.00 with a break above targets Y102.75 and Y103.40. Stronger one remains at Y104.30/80.

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